Sponsors (7)
The bill increases national-security protections and transparency around foreign ownership of U.S. agricultural land and near military sites, but does so at the cost of added transaction delays, compliance and administrative burdens, reduced foreign investment and buyers, and privacy/fairness concerns for some owners.
Farmers, rural communities, military installations, and the public gain stronger national-security protections because the bill expands CFIUS review, restricts foreign control of federally-subsidized agricultural land, and increases reporting and oversight of foreign land holdings.
State and local governments, regulators, and communities get better transparency and data for planning and oversight because foreign leases and annual county-level, country-specific ownership reports are required and made available.
Taxpayers and the federal government are less likely to subsidize agricultural land held by foreign persons tied to countries the DNI flags as security risks, protecting federal spending on loans, insurance, and subsidies.
Farmers, sellers, buyers, and homeowners face greater transaction delays, paperwork, and uncertainty because more sales and leases will trigger CFIUS review and new reporting requirements.
Farm owners and rural communities may see fewer foreign buyers, reduced foreign investment, lower sale prices, and tighter credit as buyers and lessors are deterred and lenders face higher perceived risk.
Taxpayers and agencies will incur higher administrative and compliance costs because CFIUS workload expands and USDA must prepare more detailed, county-level and country-specific reports and process additional lease/ownership filings.
Based on analysis of 6 sections of legislative text.
Expands CFIUS review to certain foreign-linked agricultural land and near-base real estate, bans federal assistance for holdings tied to specified countries, and requires detailed annual county-level reporting.
Introduced March 12, 2025 by James Lankford · Last progress March 12, 2025
Expands U.S. review and reporting of foreign holdings in agricultural land and limits federal assistance to certain foreign-linked agricultural real estate. It broadens CFIUS authority to review some purchases, transfers, and leases of farmland and adds many real-estate transactions near military installations to reviewable deals while carving out a narrow residential-property exception for nationals of certain listed countries. It also bars federal agencies from providing assistance for agricultural holdings that are wholly or partly owned by persons tied to specified foreign countries and requires expanded, public, county-level reporting (including country-specific disclosures for China, Russia, and others) on foreign-held agricultural land.